Ascentium, a global business services company based in Singapore, has acquired Clara, the largest licensed corporate service provider in Abu Dhabi Global Market (ADGM).
This deal strengthens Ascentium’s presence in the Middle East. Clara already operates in both ADGM and the Dubai International Financial Centre (DIFC), helping Ascentium expand in these key business hubs.
Clara helps companies set up and operate in the UAE’s leading financial centres. It is an important partner for businesses that want to work under internationally recognised legal and regulatory systems.
Clara works with many types of clients, including startups, small and medium businesses, law firms, venture capital firms, investors, accelerators, and government-related organisations.
The company is known for its strong knowledge of regulations and dependable services. It helps businesses with company setup, governance and ongoing compliance supported by advanced software systems.
By joining Ascentium, Clara will gain access to a global network, stronger service capabilities, and more investment support. This will help clients expand internationally while continuing to meet high regulatory standards in ADGM and DIFC.
Lennard Yong, Founding Management and Group CEO of Ascentium, commented: “ADGM is an important addition to Ascentium’s global platform, and Clara is the market leader. Their regulatory standing, trusted client relationships and leading technological operating system make them an ideal addition to Ascentium as we continue to expand across the Middle East.”
Kathryn Burke, Managing Director of Clara, said, “Ascentium has built a platform where people lead and technology enables. By joining Ascentium and aligning with this shared value, we can combine human insight with the power of innovation to help clients navigate increasingly complex, cross-border regulatory environments with confidence, while giving Clara the scale and reach to take our expertise to the next level.”
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